Sony Q2 profit rises 8%, beating estimates

Credit: REUTERS/Dado Ruvic

Adds details from earnings

TOKYO, Nov 1 (Reuters) - Sony Group Corp's6758.T operating profit rose 8% in the second quarter, the company said on Tuesday, beating analyst estimates, as higher profit in areas including music offset weakness at the gaming unit.

Sony booked a profit of 344 billion yen ($2.32 billion) in the July-September quarter. That compared with an estimate of 300 billion yen from 10 analysts polled by Refinitiv.

The entertainment conglomerate sold 3.3 million units of its PlayStation 5 (PS5) console in the second quarter, equal to sales in the same period a year earlier.

Sony plans to ramp up production of the PS5, which has been affected by supply chain snarls, and broaden its games portfolio on other platforms.

PlayStation launched a remake of "The Last of Us" in September with "God of War Ragnarok" due for release in November for the year-end shopping season.

($1 = 148.1300 yen)

(Reporting by Sam Nussey; Editing by Christian Schmollinger)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.